GM Misses EV Production Goal by Half as Production Woes Persist

General Motors Co. had a goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack. The company missed its target by a mile.

The automaker sold 75,000 EVs in 2023, with most of them being the Chevrolet Bolt compact and the slightly larger Bolt EUV, lower-priced models not using Ultium batteries that will soon be discontinued in their present form.

The automakers’ Ultium-powered vehicles, like the Cadillac Lyriq, Chevy Blazer SUV, Silverado pickup and Hummer EV, along with its BrightDrop fleet vans, accounted for a little less ...